Resolution urging the Controller to report on the ability of all residents to contribute to and benefit from shared economic prosperity in the Controller’s Status of the San Francisco Economy Report.

This resolution urges the San Francisco Controller to expand the scope of the bi-monthly "Status of the San Francisco Economy Report" and establish a new annual report. The goal is to include a broader range of indicators that measure economic inclusion and shared prosperity for all residents, not just traditional economic metrics.

Key Recommendations for the Bi-Monthly Report:

• Incorporate indicators for wage trends, small business stability, and resident displacement.

Key Recommendations for a New Annual Report:

• Include a comprehensive list of indicators such as:
  • Proportion of residents earning less than a living wage
  • Poverty rate
  • Measures of economic inequality
  • Small business stability
  • Housing affordability
  • Resident displacement
  • Social housing initiatives
  • Changes to the social safety net
  • Racial, gender, and elder equity
  • Labor union participation
  • Wage trends
  • Workforce preparedness and education.

The resolution highlights that monitoring these broader indicators is vital for policymakers to plan for economic inclusion and build a more resilient and prosperous San Francisco.

This resolution aims to provide residents with a more comprehensive understanding of the city's economic health, focusing on how prosperity is shared across different communities. It could lead to policy changes that address issues like wage stagnation, housing affordability, and displacement by ensuring these factors are regularly tracked and reported.

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